东兴证券股份有限公司 关于湖南广信科技股份有限公司 2025 年半年度持续督导跟踪报告 | 公司及股东承诺事项 | 是否履行 | 未履行承诺的原因及 | | --- | --- | --- | | | 承诺 | 解决措施 | | 1.关于股份锁定的承诺 | 是 | 不适用 | | 2.关于持股和减持意向的承诺 | 島 | 不适用 | | 3.关于稳定股价的承诺 | 是 | 不适用 | | 4.关于填补被摊薄即期回报的承诺 | 昌 | 不适用 | | 5.关于规范和减少关联交易的承诺 | 是 | 不适用 | | 6.关于避免同业竞争的承诺 | 是 | 不适用 | | 7.关于依法承担赔偿责任的承诺 | 是 | 不适用 | | 8.关于股利分配政策的承诺 | 島 | 不适用 | | 9.关于对欺诈发行上市的股份购回的承诺 | 是 | 不适用 | | 10.关于未能履行承诺时约束措施的承诺 | 是 | 不适用 | | 11.关于社会保险及住房公积金的承诺 | 言 | 不适用 | | 12.关于避免资金占用问题的承诺 | 是 | 不适用 | | 13.关于保持公司独立性的承诺 | 是 | 不适用 | | 14.关于股 ...

8月21日广信科技大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收 盘价折溢价 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | | | | | | | | （%） | | | | | | | | 中信证券(山东)有限责任 | 东海证券股份有限公 | | 1.90 | 134.17 | 70.78 | -28.79 | 公司龙口南山路证券营业 | 司威海东海路证券营 | | | | | | 部 | 业部 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 广信科技（920037）8月21日大宗交易平台出现一笔成交，成交量1.90万股，成交金额134.17万元，大宗 交易成交价为70.78元，相对今日收盘价折价28.79%。该笔交易的买方营业部为中信证券(山东)有限责任 公司龙口南山路证券营业部，卖方营业部为东海证券股份有限公司威海东海路证券营业部。 进一步统计，近1个月内该股累计发生16笔大宗交易，合计成交金额为5983.00万元。 证券时报·数 ...

证券代码：920037 证券简称：广信科技 公告编号：2025-120 本公司李中民先生，因工作调动，自 2025 年 8 月 20 日起不再担任董事。该人员持 有公司股份 485,000 股，占公司股本的 0.5303%，不是失信联合惩戒对象，离任后继续 担任全资子公司广信新材料科技（长沙）有限责任公司项目部内的职务，存在未履行完 毕的公开承诺。 李中民先生已披露的公开承诺事项均正常履行，不存在超期未履行完毕及违反承诺 的情形，离任后将继续履行承诺。 二、合规性说明及影响 湖南广信科技股份有限公司董事离任公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律责任。 一、董事离任的基本情况 李中民先生辞去董事职务后，不会对公司日常经营、生产活动产生不利影响。李中 民先生在任公司董事期间勤勉尽责、恪尽职守，公司及董事会对其任职期间所做出的贡 献表示衷心感谢！ 三、备查文件 李中民先生辞职报告 湖南广信科技股份有限公司 董事会 2025 年 8 月 21 日 （一）人员变动的合规性说明 上述人员离任未导致公司董事会成 ...

证券代码：920037 证券简称：广信科技 公告编号：2025-119 湖南广信科技股份有限公司 2025 年第三次临时股东会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 8 月 20 日 2.会议召开地点：湖南省长沙市宁乡市金沙西路 077 号广信新材料大会议室 3.会议召开方式：本次会议采用现场投票和网络投票相结合方式召开 4.会议召集人：董事会 5.会议主持人：董事长魏雅琴女士 6.召开情况合法合规的说明： 本次会议的召集、召开及表决程序符合《中华人民共和国公司法》和《公司 章程》的有关规定，会议的召开合法有效。 二、议案审议情况 同意股数 57,954,077 股，占本次股东会有表决权股份总数的 100%；反对股 数 0 股，占本次股东会有表决权股份总数的 0%；弃权股数 0 股，占本次股东会 有表决权股份总数的 0%。 2.回避表决情况 本议案不涉及关联交易，无需回避表决。 同意股数 57,954,077 ...

今月 w Firm 湖南启元律师事务所 关于湖南广信科技股份有限公司 2025年第三次临时股东会的 法律意见书 湖南省长沙市芙蓉区建湘路 393 号世茂环球金融中心 63 层 410000 电话: (0731) 82953-778 传真: (0731) 82953-779 网站:www.qiyuan.com 致:湖南广信科技股份有限公司 湖南启元律师事务所(以下简称"本所")接受湖南广信科技股份有限公司(以 下简称"公司")的委托,指派本所律师出席了公司 2025年第三次临时股东会(以 下简称"本次股东会"),对本次股东会的召集和召开程序、出席会议人员及召集人 的资格、表决程序和表决结果的合法有效性进行现场律师见证,并发表本法律意见。 本所律师根据《中华人民共和国公司法》(以下简称"《公司法》")、《中华人民 共和国证券法》(以下简称"《证券法》")、《上市公司股东会规则》(以下简称"《股 东会规则》")等我国现行法律、法规、规范性文件以及《湖南广信科技股份有限公 司章程》(以下简称"《公司章程》")的有关规定出具本法律意见书。 本所律师声明如下: (一) 本所律师根据本法律意见书出具日以前已经发生或者存在的 ...

注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 证券时报·数据宝统计显示，广信科技今日收盘价为101.03元，下跌3.27%，日换手率为10.76%，成交额 为3.24亿元，近5日该股累计上涨4.07%。（数据宝） 8月20日广信科技大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收 盘价折溢价 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | | | | | | | | （%） | | | | | | | | 中信证券(山东)有限责任 | 东海证券股份有限公 | | 2.09 | 152.64 | 73.18 | -27.57 | 公司龙口南山路证券营业 | 司威海东海路证券营 | | | | | | 部 | 业部 | 广信科技（920037）8月20日大宗交易平台出现一笔成交，成交量2.09万股，成交金额152.64万元，大宗 交易成交价为73.18元，相对今日收盘价折价27.57%。该笔交易的买方营业部为中信证券(山东)有限责任 公司龙口南山 ...

Group 1 - Guangxin Technology, listed on the Beijing Stock Exchange, executed a block trade on August 20, 2025, with a closing price of 101.03 yuan per share [1] - The block trade was conducted at a price of 73.18 yuan per share, with a total volume of 20,900 shares, resulting in a transaction value of 1.5264 million yuan, reflecting a discount of 27.57% [1] - The buying brokerage was CITIC Securities (Shandong) Co., Ltd., while the selling brokerage was Donghai Securities Co., Ltd. [1]

Investment Rating - The report initiates coverage with an "Accumulate" rating for the company [2][7]. Core Views - The company is recognized as a "small giant" in insulation fiber materials, rapidly expanding production to seize market opportunities, with significant potential for domestic substitution in ultra-high voltage applications [6][15]. - The company has a comprehensive product range covering all voltage levels, with non-adhesive materials reaching thicknesses of up to 30mm, which positions it favorably in the transformer market [6][15]. - The report forecasts robust revenue growth driven by increasing demand in both domestic and international markets, particularly in the context of ongoing power grid investments and the rise of renewable energy sources [6][55]. Financial Data and Profit Forecast - The company is projected to achieve total revenue of 578 million yuan in 2024, increasing to 1.428 billion yuan by 2027, with year-on-year growth rates of 37.5% and 24.5% respectively [6]. - The net profit attributable to shareholders is expected to grow from 116 million yuan in 2024 to 455 million yuan in 2027, reflecting a compound annual growth rate of 32.1% [6]. - The earnings per share are forecasted to rise from 1.70 yuan in 2024 to 4.98 yuan in 2027, indicating strong profitability [6]. Market Demand and Supply Dynamics - Domestic demand is expected to benefit from a recovery in ultra-high voltage transmission and ongoing upgrades in distribution networks, driven by increasing electricity consumption from emerging industries [6][55]. - Internationally, the company is poised to capitalize on strong global demand and tight supply conditions, with transformer exports projected to grow at an average annual rate of 19.7% from 2020 to 2024 [6][55]. - The report highlights that the company has achieved significant breakthroughs in domestic ultra-high voltage production, with increasing localization rates expected to enhance competitive positioning [6][55]. Product and Technology Advantages - The company’s unique selling propositions include a full voltage coverage strategy and the ability to produce ultra-thick, non-adhesive materials, which are critical for high-voltage applications [6][9]. - The company has established long-term partnerships with leading transformer manufacturers, securing a market share exceeding 30% in key product categories [6][15]. - The report emphasizes the high customer stickiness and business barriers in the industry, which are expected to widen the gap between the company and its competitors as it scales production [6][9]. Valuation and Investment Thesis - The company is expected to achieve net profits of 235 million yuan, 345 million yuan, and 455 million yuan for the years 2025 to 2027, with corresponding price-to-earnings ratios of 41, 28, and 21 times [6][7]. - The report suggests that the company’s valuation is attractive compared to peers, with an average price-to-earnings ratio of 30 times for comparable companies in 2026 [7].

Investment Rating - The report initiates coverage with an "Accumulate" rating for the company [2][7]. Core Views - The company is recognized as a "small giant" in insulation fiber materials, rapidly expanding production to seize market opportunities, with significant potential for domestic substitution in ultra-high voltage applications [6][7]. - The company has a comprehensive product range covering all voltage levels, with glue-free materials reaching thicknesses of up to 30mm, primarily used in transformers within the power system [18][19]. - The report forecasts substantial revenue growth driven by increasing demand in both domestic and international markets, with expected net profits of 235 million, 345 million, and 455 million yuan for 2025-2027, respectively [6][7]. Summary by Sections 1. Company Overview - The company specializes in insulation fiber materials and molded products, having developed ultra-high voltage insulation materials that break foreign monopolies since 2009 [18][19]. - It has established long-term partnerships with leading transformer manufacturers, ensuring a strong market position [18]. 2. Demand and Supply Dynamics - Domestic demand is expected to grow due to the recovery of ultra-high voltage transmission and high-level grid investments, alongside energy-saving renovations in distribution networks [6][7][61]. - Internationally, the company benefits from strong global demand and tight overseas supply, leading to a significant increase in transformer exports [6][7][19]. 3. Product Expansion and Competitive Advantage - The company is rapidly expanding its production capacity, with a focus on high-value-added molded products, which are expected to contribute significantly to revenue growth [6][7][8]. - Unique product features, such as full voltage coverage and ultra-thick glue-free materials, provide a competitive edge in the market [9][18]. 4. Financial Projections and Valuation - Revenue projections for 2025-2027 are set at 4.04 billion, 5.23 billion, and 6.22 billion yuan for insulation fiber materials, and 4.38 billion, 6.23 billion, and 8.04 billion yuan for molded products, respectively [7][8]. - The company is expected to maintain a strong gross margin, with forecasts of 39%, 40%, and 41% for insulation fiber materials from 2025 to 2027 [7][8]. 5. Market Trends and Catalysts - The report highlights that the company's performance is closely tied to the overall growth in power investment, with a lag of approximately six months to one year [46][63]. - Key catalysts for stock performance include ongoing rapid earnings growth, the announcement of major power and grid projects, and an increase in market share within the ultra-high voltage sector [10][66].

（原标题：广信科技大宗交易成交3.00万股 成交额202.98万元） 广信科技（920037）8月19日大宗交易平台出现一笔成交，成交量3.00万股，成交金额202.98万元，大宗 交易成交价为67.66元，相对今日收盘价折价35.22%。该笔交易的买方营业部为中信证券(山东)有限责任 公司龙口南山路证券营业部，卖方营业部为东海证券股份有限公司威海东海路证券营业部。 | 成交量 | 成交金额 | 成交价格 | 相对当日 收盘价折溢价 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | | | | | | | | （%） | | | | 3.00 | 202.98 | 67.66 | -35.22 | 中信证券(山东)有限责任公 | 东海证券股份有限公司 | | | | | | 司龙口南山路证券营业部 | 威海东海路证券营业部 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 进一步统计，近1个月内该股累计发生14笔大宗交易，合计成交金额为5696.19万元。 证券时报•数据宝统计显示，广信科 ...